Rio Tinto now expected to refocus, Swiss bank ups earnings assumptions Proactive uses images sourced from Shutterstock Rio Tinto Ltd returned to the broker spotlight after UBS resumed coverage with a 'Neutral' rating and lifted its 12-month price target to 6,900p from 5,800p, even as the shares traded at 7,051p. The bank’s restart comes after Rio confirmed it does not intend to make an offer for Glencore PLC, cooling a market debate that had briefly reopened the “GlenTinto” merger narrative. UBS raised ...